{"id":40132,"date":"2020-01-18T00:32:04","date_gmt":"2020-01-18T05:32:04","guid":{"rendered":"http:\/\/prefblog.com\/?p=40132"},"modified":"2020-01-18T00:32:04","modified_gmt":"2020-01-18T05:32:04","slug":"january-17-2020","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=40132","title":{"rendered":"January 17, 2020"},"content":{"rendered":"

Brookfield Office Properties has announced<\/a>:<\/p>\n

it has received approval from the Toronto Stock Exchange (\u201cTSX\u201d) for the renewal of its normal course issuer bid to purchase up to 10% of the public float of each series of the company\u2019s outstanding Class AAA Preference Shares that are listed on the TSX (the \u201cPreferred Shares\u201d). Purchases under the bid will be made through the facilities of the TSX and any alternative Canadian trading systems in compliance with applicable Canadian securities laws. The period of the normal course issuer bid will extend from January 21, 2020 to January 20, 2021, or an earlier date should Brookfield complete its purchases prior to such date. Brookfield will pay the market price at the time of acquisition for any Preferred Shares purchased, but not to exceed the redemption price thereof as stated in the company\u2019s articles. All Preferred Shares acquired by Brookfield under this bid will be cancelled.<\/p>\n

Brookfield has not repurchased any Preferred Shares in the past 12 months.<\/p><\/blockquote>\n

There has been great interest on PrefBlog<\/a> recently about issuer buy-backs, with Assiduous Reader stusclues<\/i> doing great things with Google Sheet and Google Finance to track changes … I might do something along those lines myself!<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
HIMIPref™ Preferred Indices
These values reflect the December 2008 revision of the HIMIPref™ Indices<\/strong>
Values are provisional and are finalized monthly<\/td>\n<\/tr>\n
Index<\/td>\nMean
Current
Yield
(at bid)<\/td>\n		Median
YTW<\/td>\n		Median
Average
Trading
Value<\/td>\n		Median
Mod Dur
(YTW)<\/td>\n		Issues<\/td>\nDay’s Perf.<\/td>\nIndex Value<\/td>\n<\/tr>\n
Ratchet<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.0409 %<\/td>\n2,155.1<\/td>\n<\/tr>\n
FixedFloater<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.0409 %<\/td>\n3,954.5<\/td>\n<\/tr>\n
Floater<\/td>\n5.66 %<\/td>\n5.73 %<\/td>\n46,144<\/td>\n14.32<\/td>\n4<\/td>\n-0.0409 %<\/td>\n2,279.0<\/td>\n<\/tr>\n
OpRet<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.1373 %<\/td>\n3,442.8<\/td>\n<\/tr>\n
SplitShare<\/td>\n4.78 %<\/td>\n4.40 %<\/td>\n31,963<\/td>\n3.74<\/td>\n6<\/td>\n0.1373 %<\/td>\n4,111.4<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.1373 %<\/td>\n3,207.9<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.58 %<\/td>\n-1.86 %<\/td>\n58,205<\/td>\n0.09<\/td>\n11<\/td>\n-0.0610 %<\/td>\n3,059.1<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n5.25 %<\/td>\n5.34 %<\/td>\n69,080<\/td>\n14.88<\/td>\n24<\/td>\n0.0430 %<\/td>\n3,308.6<\/td>\n<\/tr>\n
FixedReset Disc<\/td>\n5.39 %<\/td>\n5.59 %<\/td>\n201,542<\/td>\n14.61<\/td>\n64<\/td>\n-0.0033 %<\/td>\n2,215.4<\/td>\n<\/tr>\n
Deemed-Retractible<\/td>\n5.15 %<\/td>\n5.25 %<\/td>\n61,011<\/td>\n14.90<\/td>\n27<\/td>\n-0.1196 %<\/td>\n3,242.1<\/td>\n<\/tr>\n
FloatingReset<\/td>\n5.89 %<\/td>\n5.88 %<\/td>\n73,697<\/td>\n14.10<\/td>\n3<\/td>\n0.0000 %<\/td>\n2,600.2<\/td>\n<\/tr>\n
FixedReset Prem<\/td>\n5.10 %<\/td>\n3.46 %<\/td>\n137,694<\/td>\n1.51<\/td>\n22<\/td>\n-0.1652 %<\/td>\n2,643.2<\/td>\n<\/tr>\n
FixedReset Bank Non<\/td>\n1.93 %<\/td>\n3.60 %<\/td>\n64,516<\/td>\n1.98<\/td>\n3<\/td>\n-0.0408 %<\/td>\n2,740.8<\/td>\n<\/tr>\n
FixedReset Ins Non<\/td>\n5.20 %<\/td>\n5.50 %<\/td>\n131,289<\/td>\n14.65<\/td>\n22<\/td>\n-0.0190 %<\/td>\n2,256.3<\/td>\n<\/tr>\n<\/table>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Performance Highlights<\/strong><\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nChange<\/td>\nNotes<\/td>\n<\/tr>\n
MFC.PR.Q<\/td>\nFixedReset Ins Non<\/td>\n-1.94 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-01-17
\nMaturity Price : 19.72
\nEvaluated at bid price : 19.72
\nBid-YTW : 5.48 %<\/td>\n<\/tr>\n
CCS.PR.C<\/td>\nDeemed-Retractible<\/td>\n-1.65 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-01-17
\nMaturity Price : 22.96
\nEvaluated at bid price : 23.23
\nBid-YTW : 5.42 %<\/td>\n<\/tr>\n
GWO.PR.N<\/td>\nFixedReset Ins Non<\/td>\n-1.42 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-01-17
\nMaturity Price : 13.90
\nEvaluated at bid price : 13.90
\nBid-YTW : 5.22 %<\/td>\n<\/tr>\n
TRP.PR.A<\/td>\nFixedReset Disc<\/td>\n-1.33 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-01-17
\nMaturity Price : 14.82
\nEvaluated at bid price : 14.82
\nBid-YTW : 5.99 %<\/td>\n<\/tr>\n
BMO.PR.S<\/td>\nFixedReset Disc<\/td>\n-1.19 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-01-17
\nMaturity Price : 18.21
\nEvaluated at bid price : 18.21
\nBid-YTW : 5.47 %<\/td>\n<\/tr>\n
TRP.PR.G<\/td>\nFixedReset Disc<\/td>\n-1.10 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-01-17
\nMaturity Price : 18.94
\nEvaluated at bid price : 18.94
\nBid-YTW : 6.08 %<\/td>\n<\/tr>\n
MFC.PR.L<\/td>\nFixedReset Ins Non<\/td>\n-1.08 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-01-17
\nMaturity Price : 17.47
\nEvaluated at bid price : 17.47
\nBid-YTW : 5.47 %<\/td>\n<\/tr>\n
IFC.PR.A<\/td>\nFixedReset Ins Non<\/td>\n1.09 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-01-17
\nMaturity Price : 14.87
\nEvaluated at bid price : 14.87
\nBid-YTW : 5.68 %<\/td>\n<\/tr>\n
PWF.PR.P<\/td>\nFixedReset Disc<\/td>\n1.23 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-01-17
\nMaturity Price : 13.95
\nEvaluated at bid price : 13.95
\nBid-YTW : 5.69 %<\/td>\n<\/tr>\n
MFC.PR.M<\/td>\nFixedReset Ins Non<\/td>\n1.36 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-01-17
\nMaturity Price : 18.63
\nEvaluated at bid price : 18.63
\nBid-YTW : 5.33 %<\/td>\n<\/tr>\n
HSE.PR.G<\/td>\nFixedReset Disc<\/td>\n1.59 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-01-17
\nMaturity Price : 19.22
\nEvaluated at bid price : 19.22
\nBid-YTW : 6.74 %<\/td>\n<\/tr>\n
TRP.PR.B<\/td>\nFixedReset Disc<\/td>\n2.18 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-01-17
\nMaturity Price : 12.20
\nEvaluated at bid price : 12.20
\nBid-YTW : 5.96 %<\/td>\n<\/tr>\n<\/table>\n\n\n\n\n\n\n\n\n\n\n
Volume Highlights<\/strong><\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nShares
Traded<\/td>\n		Notes<\/td>\n<\/tr>\n
CU.PR.F<\/td>\nPerpetual-Discount<\/td>\n183,753<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-01-17
\nMaturity Price : 21.80
\nEvaluated at bid price : 21.80
\nBid-YTW : 5.24 %<\/td>\n<\/tr>\n
CU.PR.E<\/td>\nPerpetual-Discount<\/td>\n141,655<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-01-17
\nMaturity Price : 23.24
\nEvaluated at bid price : 23.70
\nBid-YTW : 5.22 %<\/td>\n<\/tr>\n
PWF.PR.I<\/td>\nPerpetual-Premium<\/td>\n115,114<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2020-02-16
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.10
\nBid-YTW : -1.86 %<\/td>\n<\/tr>\n
CM.PR.O<\/td>\nFixedReset Disc<\/td>\n74,387<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-01-17
\nMaturity Price : 17.40
\nEvaluated at bid price : 17.40
\nBid-YTW : 5.59 %<\/td>\n<\/tr>\n
CM.PR.S<\/td>\nFixedReset Disc<\/td>\n65,450<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-01-17
\nMaturity Price : 18.54
\nEvaluated at bid price : 18.54
\nBid-YTW : 5.61 %<\/td>\n<\/tr>\n
TD.PF.B<\/td>\nFixedReset Disc<\/td>\n52,679<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-01-17
\nMaturity Price : 17.60
\nEvaluated at bid price : 17.60
\nBid-YTW : 5.46 %<\/td>\n<\/tr>\n
There were 48 other index-included issues trading in excess of 10,000 shares.<\/td>\n<\/tr>\n<\/table>\n\n\n\n\n\n\n\n\n\n
Wide Spread Highlights<\/strong><\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nQuote Data and Yield Notes<\/td>\n<\/tr>\n
BAM.PF.E<\/td>\nFixedReset Disc<\/td>\nQuote: 17.62 – 18.17
\nSpot Rate : 0.5500
\nAverage : 0.3682<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-01-17
\nMaturity Price : 17.62
\nEvaluated at bid price : 17.62
\nBid-YTW : 5.97 %<\/td>\n<\/tr>\n

IFC.PR.E<\/td>\nDeemed-Retractible<\/td>\nQuote: 24.40 – 24.89
\nSpot Rate : 0.4900
\nAverage : 0.3266<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-01-17
\nMaturity Price : 23.98
\nEvaluated at bid price : 24.40
\nBid-YTW : 5.36 %<\/td>\n<\/tr>\n

MFC.PR.Q<\/td>\nFixedReset Ins Non<\/td>\nQuote: 19.72 – 20.16
\nSpot Rate : 0.4400
\nAverage : 0.2819<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-01-17
\nMaturity Price : 19.72
\nEvaluated at bid price : 19.72
\nBid-YTW : 5.48 %<\/td>\n<\/tr>\n

BAM.PR.K<\/td>\nFloater<\/td>\nQuote: 12.06 – 12.49
\nSpot Rate : 0.4300
\nAverage : 0.2725<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-01-17
\nMaturity Price : 12.06
\nEvaluated at bid price : 12.06
\nBid-YTW : 5.79 %<\/td>\n<\/tr>\n

SLF.PR.G<\/td>\nFixedReset Ins Non<\/td>\nQuote: 13.70 – 14.09
\nSpot Rate : 0.3900
\nAverage : 0.2615<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-01-17
\nMaturity Price : 13.70
\nEvaluated at bid price : 13.70
\nBid-YTW : 5.54 %<\/td>\n<\/tr>\n

IAF.PR.B<\/td>\nDeemed-Retractible<\/td>\nQuote: 22.08 – 22.46
\nSpot Rate : 0.3800
\nAverage : 0.2521<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-01-17
\nMaturity Price : 21.84
\nEvaluated at bid price : 22.08
\nBid-YTW : 5.24 %<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Brookfield Office Properties has announced: it has received approval from the Toronto Stock Exchange (\u201cTSX\u201d) for the renewal of its normal course issuer bid to purchase up to 10% of the public float of each …<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15],"tags":[],"class_list":["post-40132","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/40132","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=40132"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/40132\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=40132"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=40132"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=40132"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}